Birchcliff Energy Ltd. (TSE:BIR) Receives C$8.50 Average PT from Analysts

Birchcliff Energy Ltd. (TSE:BIR) has been given a consensus rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$8.50.

Several research analysts have weighed in on BIR shares. Canadian Imperial Bank of Commerce lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$9.50 to C$8.50 in a report on Tuesday, January 13th. BMO Capital Markets lowered shares of Birchcliff Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$8.50 to C$7.00 in a report on Tuesday, April 7th.

Birchcliff Energy Price Performance

Shares of BIR stock opened at C$6.43 on Wednesday. The firm has a market cap of C$1.77 billion, a P/E ratio of 26.79, a P/E/G ratio of 0.35 and a beta of -0.30. The company has a debt-to-equity ratio of 27.56, a current ratio of 1.74 and a quick ratio of 0.97. Birchcliff Energy has a 1-year low of C$5.69 and a 1-year high of C$8.19. The firm has a fifty day moving average of C$6.73 and a two-hundred day moving average of C$6.99.

Birchcliff Energy (TSE:BIR) last announced its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported C$0.10 earnings per share for the quarter. The company had revenue of C$164.42 million during the quarter. Birchcliff Energy had a net margin of 9.27% and a return on equity of 2.90%. As a group, research analysts anticipate that Birchcliff Energy will post 0.1118631 earnings per share for the current fiscal year.

Birchcliff Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. Birchcliff Energy’s payout ratio is 50.00%.

About Birchcliff Energy

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.